Tokuyama (Tokuyama) Debt-to-Equity : 0.49 (As of Dec. 2023)

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What is Tokuyama Debt-to-Equity?

Tokuyama's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $253 Mil. Tokuyama's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $572 Mil. Tokuyama's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,668 Mil. Tokuyama's debt to equity for the quarter that ended in Dec. 2023 was 0.49.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Tokuyama's Debt-to-Equity or its related term are showing as below:

TKYMY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.42 Med: 0.77 Max: 4.76
Current: 0.42

During the past 13 years, the highest Debt-to-Equity Ratio of Tokuyama was 4.76. The lowest was 0.42. And the median was 0.77.

TKYMY's Debt-to-Equity is ranked worse than
56.26% of 1397 companies
in the Chemicals industry
Industry Median: 0.35 vs TKYMY: 0.42

Tokuyama Debt-to-Equity Historical Data

The historical data trend for Tokuyama's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tokuyama Debt-to-Equity Chart

Tokuyama Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.69

0.50

0.49

0.62

0.42

Tokuyama Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.62	0.62	0.49	0.49	0.42

Competitive Comparison of Tokuyama's Debt-to-Equity

For the Specialty Chemicals subindustry, Tokuyama's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tokuyama's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tokuyama's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tokuyama's Debt-to-Equity falls into.

Tokuyama Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tokuyama's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(151.557	+	554.511)	/	1663.712
	=	0.42

Tokuyama's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(252.789	+	571.532)	/	1668.471
	=	0.49

Tokuyama (OTCPK:TKYMY) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Tokuyama Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Tokuyama's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Tokuyama (Tokuyama) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tokuyama Corp (OTCPK:TKYMY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

4043:Japan TBT:Germany

Address

7-5, Sotokanda 1-chome, Front Place Akihabara, Chiyoda-ku, Tokyo, JPN, 101-8618

Website

http://www.tokuyama.co.jp

Tokuyama Corp mainly manufactures and sells chemicals, specialty products, cement and functional materials. It operates with various segments namely; Chemicals segment offers soda ash, caustic soda, calcium chloride, silicate soda, propylene oxide and methylene chloride; Specialty Products segment offers multicrystalline silicon, wet silica, metal cleaning chemicals, environmental-related equipment and others; Cement segment offers portland cement, ready-mixed concrete and cementitious solidified materials and the Life Amenity segment offers polypropylene film, resin sashes and others. Geographically, operations of the group are functioned through Japan.